PUNE: In response to the recent statement of RBI Governor D Subbarao, the Maharashtra State Co-operative Bank Limited has stated that it has a banking licence which the Reserve Bank of India had issued earlier this year. Subbarao had said in the city on Friday that the bank was still not eligible to get a banking licence and was under RBI's 'directions.' The bank's general manager, Vijay Bhagat, said in a communication that the MSC Bank had complied with all norms and conditions prescribed by the RBI which has issued a banking licence to it on April 19, 2012........
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